Flex Ltd
NASDAQ:FLEX

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Flex Ltd
NASDAQ:FLEX
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Price: 71.13 USD -1.32%
Market Cap: 26.3B USD

Flex Ltd
Investor Relations

Flex Ltd., once known as Flextronics, is an intriguing player in the global supply chain, where the art of making and assembling products meets the science of strategizing logistics. This Singapore-headquartered company has evolved from its origins as a circuit board manufacturer to become a pivotal orchestrator of the world's electronics manufacturing services (EMS) industry. Flex Ltd. partners with an array of diverse clients—ranging from automotive giants to cutting-edge technology firms—by offering tailor-made solutions that streamline their manufacturing processes. As businesses stare down ever-changing market dynamics, Flex leverages its extensive global network to provide scalable solutions, enabling its clients to focus on core competencies, while enjoying the benefits of improved operational efficiencies.

The heart of Flex’s operation beats through its extensive global footprint, with over 100 manufacturing locations spread across 30 countries. This strategic distribution not only enables it to manufacture and deliver components swiftly but also offers clients a geographic diversity that mitigates risks associated with global supply chains. Flex makes money primarily through its three service verticals: high reliability solutions, industrial and emerging industries, and communications and enterprise compute. Each of these areas embodies Flex’s capacity to customize its offerings, from developing sophisticated medical devices to crafting components that enhance cloud data management. By harnessing advanced manufacturing technologies and fostering strong relationships with its partners, Flex Ltd. sustains its vital role in crafting the physical products that power the digital world, while driving its own growth trajectory through a resilient and adaptive business model.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 29, 2025
AI Summary
Q2 2026

Revenue Growth: Flex delivered Q2 revenue of $6.8 billion, up 4% year-over-year, driven by strong data center and cloud demand.

Margins: Operating margin reached 6% for the fourth consecutive quarter; gross margin improved to 9.3%, up 80 basis points.

EPS Record: Adjusted EPS was $0.79, up 23% year-over-year, marking a record for Flex.

Raised Guidance: Full-year FY26 revenue guidance was raised by $500 million to $26.7–$27.3 billion; EPS guidance midpoint increased by $0.17.

Data Center Momentum: Data center revenue is on track to grow at least 35% for the year, with both cloud and power segments outperforming industry rates.

Strong Cash Generation: Free cash flow for the quarter was $305 million; the company is maintaining its 80%+ conversion target for FY26.

Segment Performance: Health Solutions and capital equipment are also showing growth, while automotive is stabilizing and Ukraine operations are being rebuilt.

CapEx & Investment: Significant investments are being made to expand capacity in key regions and support long-term data center growth.

Key Financials
Revenue
$6.8 billion
Operating Margin
6%
Gross Margin
9.3%
EPS
$0.79
Free Cash Flow
$305 million
Net Inventory
up 1% sequentially, down 4% year-over-year
Net CapEx
$148 million
Share Repurchases
$297 million (5.6 million shares)
Reliability Solutions Revenue
$3 billion
Reliability Solutions Segment Margin
6.5%
Agility Solutions Revenue
$3.8 billion
Agility Solutions Operating Margin
6%
Inventory, Net of Advances (Days)
55 days
Q3 Revenue Guidance
$6.65–$6.95 billion
Q3 Operating Income Guidance
$405–$435 million
Q3 EPS Guidance
$0.74–$0.80
Earnings Call Recording
Other Earnings Calls

Management

Ms. Revathi Advaithi
CEO & Director
No Bio Available
Mr. Michael P. Hartung
President & Chief Commercial Officer
No Bio Available
Mr. Kwanghooi Tan
President of Global Operations & Supply Chain
No Bio Available
Mr. D. Scott Offer
Executive VP & General Counsel
No Bio Available
Mr. Jaime Martinez
Interim Chief Financial Officer
No Bio Available
Mr. Daniel J. Wendler
Chief Accounting Officer
No Bio Available
Mr. David Rubin
Vice President of Investor Relations
No Bio Available
Silvia Gianelli
Senior Director of Corporate Communications
No Bio Available
Mr. Xavier F. Boza
Chief Human Resources Officer
No Bio Available
Mr. Paul Baldassari
President of Manufacturing & Services
No Bio Available

Contacts

Address
2 Changi South Lane
Contacts
+6568769899.0
flex.com